CBRE Brokers Facilitate $6.3M Sale Of Retail Property In La Mesa

The property located at 8375 Hercules Street in La Mesa, Calif., was sold for $6.3 million. Situated on 1.27 acres, the 14,000 sq. ft. retail asset, previously occupied by Lamp Plus, features 52 parking spaces and excellent visibility from Interstate 8.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,300,000
• Address: 8375 Hercules Street
• Market: La Mesa
• Size: 1.27 acres
• Square Footage: 14,000
• Price per Square Foot: $450

CBRE's team consisting of Camille Doan, Hunter Rowe, Joel Wilson, Matthew (Matt) Carlson, Michael Peterson, and Reg Kobzi represented the seller, 8375 Hercules, LLC, in this transaction. The property's strategic location led to significant interest from potential buyers, resulting in a competitive bidding process with nine interested parties vying for the property.